Overview
Constructs the Synergy Theory of economic growth and calculation methodology
Involves empirical comparative study on economic growth between China and the 14 developed countries
Comprehensive studies a variety of determining factors of economic growth, and calculates the contribution of these determining factors to economic growth
Uses the Data Envelopment Analysis to calculate the contribution of institutional innovation to economic growth
Analyzes several controversial issues in the study of economic growth, such as IT Investment and Productivity Paradox
Uses the new economic growth model and the method of DSGE to analyze the Chinese economy, and on this basis, proposes the countermeasures and suggestions about the problem of China's innovation-driven economy
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (8 chapters)
Keywords
About this book
The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital income, and synergistic benefits, further establishes the new empirical model including the major determined factors of economic growth, such as growth of physical capital stock, growth of investment in physical capital, improvement of science and technology, improvement of human capital quality, labor force growth, institutional innovation and economic externalies.
Subsequently, it uses the method of Data Envelopment Analysis to calculate the contribution of institutional innovation to economic growth, and it also focuses on the analysis of the determining factors of economic growth. Based on the analysis above, the new theory has been tested and the countermeasures and suggestions involving China's innovation-driven economy have been proposed.
Authors and Affiliations
About the authors
Jiang Zhaohua, male, born in Suihua City Heilongjiang Province, Professor of Dalian University of Technology, mainly engaged in the quantitative and strategic research on scientific and technological progress and economic growth. Jiang has undertaken the National Natural Science Fund Project "high-tech, new economy and globalization: China's triple linkage strategy" and other projects. He published over 100 papers in the journals of Int. J.General Systems, Systems Engineering Theory and Practice and other publications. Seven cooperated works such as "Regional Innovation and Ecological Efficiency Revolution" were published in Science Press. With these achievements, he won the first and second prize awarded by the Provincial Government. As a visiting researcher at the Chinese Center for Economic Research in Peking University, he undertook the project of the World Bank "Progress in Science and Technology and Unbalanced Regional Development in China". He was entitled the honor of "Chinese Young Expert in Machinery Industry Science and Technology" and the senior talent of "Millions of Talents Project" in Liaoning Province.
Bibliographic Information
Book Title: The Synergy Theory on Economic Growth: Comparative Study Between China and Developed Countries
Authors: Jianhua Liu, Zhaohua Jiang
DOI: https://doi.org/10.1007/978-981-13-1885-6
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Science Press and Springer Nature Singapore Pte Ltd. 2018
Hardcover ISBN: 978-981-13-1884-9Published: 10 October 2018
Softcover ISBN: 978-981-13-4698-9Published: 23 December 2018
eBook ISBN: 978-981-13-1885-6Published: 21 September 2018
Edition Number: 1
Number of Pages: XII, 371
Number of Illustrations: 39 b/w illustrations, 6 illustrations in colour
Topics: Economic Growth, Asian Economics, International Political Economy, International Economics